The good thing is that arguments/disputes don't linger for 50 years. It also means there's a bit of variety, whereas local league chess can become a bit stale after a few years with no real change in faces, the University Championships have different teams periodically.
The bad thing is that it often leads to a lack of continuity, and students are - with a few exceptions - terrible at organisation. I know of one University that nearly didn't enter BUCA last year because they didn't apply for funding from the Union in time. Given the tournament was played in West Bromwich, and the university in question is Birmingham, and the entry fee was £20...
